In 2024, the total value of construction contracts in Ajman soared to AED 9.655 billion, marking a staggering 62.66% increase compared to 2023’s AED 5.936 billion.[?] This milestone, reported by the Ajman Municipality and Planning Department, solidifies the emirate’s position as one of the UAE’s most dynamic markets.
Backing this momentum, Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, recently approved the 2025 government budget of AED 3.7 billion ($1 billion).[?]
Designed to accelerate the emirate’s transformation into a global destination for living, tourism, and investment, the budget prioritizes sustainable infrastructure, digital innovation, and community welfare — aligning seamlessly with its explosive construction growth.
Why Investors Are Choosing Ajman
This remarkable growth stems from systematic efforts by local authorities. Key factors fueling this expansion include simplified bureaucracy, with permit issuance times slashed by 40%, major investments in smart infrastructure and transportation networks, and a sharp focus on sustainability.[?]
Nearly a third of new projects now adhere to green building standards, reflecting Ajman’s commitment to eco-friendly development.
Ajman is proving that smaller emirates can rival Dubai and Abu Dhabi by prioritizing speed, innovation, and livability. Watch this space – within two years, Ajman could rank among the top three fastest-growing economies in the region.

Anna Fischer
Construction Content Writer

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